Cowen raises AAPL price target to industry-high $530

Investment bank Cowen has raised its 12-month Apple price target to $530 on an uptick in its iPhone build estimate for the third quarter.

Mike Peterson 5 years ago 0

Cowen bumps AAPL to $470, says it's a 'defensive stock' for a post-coronavirus world

Investment bank Cowen has raised its AAPL price target to $470 on Apple's better-than-expected June quarter results and its continuing status as a "defensive" stock.

Mike Peterson 5 years ago 14

Apple 'resilient' in Q3 earnings with future focus still on 5g 'iPhone 12,' Cowen predicts

Investment bank Cowen is expecting Apple to report June quarter earnings in-line with the larger Wall Street consensus, and adds that Services and the upcoming 5G "iPhone 12" will boost the company's momentum going forward.

Mike Peterson 5 years ago 0

5G iPhone cycle, ARM transition lead Cowen to raise AAPL target to $400

Investment bank Cowen is raising its AAPL price target to $400 based on new iPhone shipment forecasts, revised multiples and the impact of ARM Macs to Apple's bottom line.

Mike Peterson 5 years ago 4

Smartphone production recovers as Apple gears up for 'iPhone 12' launch

The smartphone industry is recovering from COVID-19 production slumps, although Cowen analysts suggest smartphone demand is still uncertain and Apple's flagship iPhones could launch a month or two later than usual.

Mike Peterson 6 years ago 0

What to expect from Apple's Q2 2020 earnings report on April 30

Apple will be announcing its financial results for the second quarter of 2020 on Thursday, but the ongoing COVID-19 pandemic is likely to result in considerably weaker results than usual. Here are what some analysts monitoring Apple and the coronavirus situation expect to hear during the filing and conference call.

Malcolm Owen 6 years ago 10

iPhone SE, 5G iPhone could drive improved smartphone sentiment into 2021

Although iPhone demand uncertainty remains a concern, investment bank Cowen expects demand to improve in 2020, driven by the new iPhone SE and rumors of a 5G "iPhone 12."

Mike Peterson 6 years ago 0

Apple faring better than most competitors in resuming smartphone production

Apple is forecast to make fewer iPhones in the second quarter of 2020 than the same period in 2019, but the impact of the coronavirus on manufacturing will apparently be far less for Apple compared to the rest of the smartphone industry, partly helped by the popularity of the new iPhone SE.

Malcolm Owen 6 years ago 1

Cowen drives AAPL target to $370 on iPhone's return to growth

Recapping Apple's $91.8 billion quarter, Cowen is seeing continued strength and earnings power from the company going forward, and has increased its target price for Apple stock yet again.

Mike Wuerthele 6 years ago 3

Apple will build 116 million iPhones in the first half of the fiscal year, says Cohen

Analysts at Cohen are seeing not just a strong holiday quarter, but an impressive second fiscal quarter as well, with signs that Apple has increased iPhone orders overall versus 2019.

Mike Wuerthele 6 years ago 1

Cowen pushes AAPL target to $350, anticipates strong March quarter guidance

After leading the pack with an Apple stock price climb in early December, Cowen has done so again just over a month later, hiking the price target to $350 on the strength of Services and the upcoming iPhone lineup.

Mike Wuerthele 6 years ago 0

Cowen names AAPL one of its 'favorite ideas' in 2020, ups target to $325

Cowen equity research is raising its convictions on shares of Apple, boosting its price target behind near-term momentum in several operating segments and a belief that market share losses in China could potentially be offset by gains in India.

AppleInsider Staff 6 years ago 2

Wall Street reacts to Apple's strong Services and Wearables growth [u]

Analysts have passed comment on Apple's record fourth quarter results for the fiscal year 2019, with investor expectations and analyst estimates being beaten in a variety of ways, though the lower iPhone revenue is suggested to be an indicator of challenging December quarter results.

Malcolm Owen 6 years ago 18

Apple seen posting record $90 billion holiday quarter driven by Services & iPhone 11 demand

Financial services firm Cowen has issued its latest guidance to investors about the state of Apple, and says that the company's offerings in total are setting up for a massive holiday quarter.

William Gallagher 6 years ago 33

Strong 2020 ahead for Apple with iPhone 11 possibly helped by 'iPhone SE 2'

Apple's 2020 fiscal year should be more positive than some investors anticipate, Cowen suggests, with the iPhone 11 refresh assisted by a potential launch of a second-generation iPhone SE early in the cycle to help increase hardware revenues.

Malcolm Owen 6 years ago 8

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